Latest Corporate finance Stories

WALTHAM, Mass., May 16, 2013 /PRNewswire/ -- Alere Inc. (NYSE: ALR), a global leader in enabling individuals to take charge of their health at home through the merger of rapid diagnostics and health management, has declared a cash dividend of $3.00 per share on its Series B Convertible Perpetual Preferred Stock (NYSE: ALR.PR.B). The dividend is payable on July 15, 2013 to holders of record of Series B stock at the close of business on July 1, 2013. Such payment will cover the...

ATLANTA, May 16, 2013 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) announced today that it has issued to Ronald W. Fleming, who commenced serving as AdCare's Chief Financial Officer on May 15, 2013, a ten-year warrant to purchase 70,000 shares of AdCare's common stock with an exercise price of $5.90 per share. One-third of the shares underlying the warrant shall vest ratably on each of May 15, 2014, May 15, 2015 and May 15, 2016. The vesting of...

NEW YORK, May 16, 2013 /PRNewswire/ -- Omnicom Group Inc. (NYSE: OMC), together with its wholly owned direct finance subsidiary, Omnicom Capital Inc., today announced that they have issued a notice of redemption for any and all of their $84,000 aggregate principal amount of outstanding Zero Coupon Zero Yield Convertible Notes due 2033 (CUSIP No. 681919 AR7) and $406,622,000 aggregate principal amount of outstanding Zero Coupon Zero Yield Convertible Notes due 2038 (CUSIP Nos. 681919...

DARTMOUTH, N.S, May 16, 2013 /CNW/ - Newfoundland Capital Corporation Limited announced today that the Company has filed a notice with the Toronto Stock Exchange to purchase through the facilities of the Toronto Stock Exchange for cancellation up to 1,272,093 of the 25,441,871 issued and outstanding Class A Subordinate Voting Shares being 5% of the issued and outstanding shares of that class as of April 30, 2013 and up to 75,404 of the 3,770,222 issued and outstanding Class B...

LAKE FOREST, Calif., May 16, 2013 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW) (the "Company"), a global leader in natural gas storage systems, integration and vehicle system technologies, today announced that it has agreed to sell common stock and warrants for gross proceeds of $3,000,000 in a registered direct offering (the "Offering") with Crede CG III, Ltd., a wholly-owned subsidiary of Crede Capital Group, LLC ("Crede"). Under the Offering,...

NEW YORK, May 16, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Target Energy Ltd. (OTCQX: TEXQY; ASX: TEX), a U.S.-focused oil and gas exploration and production company, has chosen to have its American Depositary Receipts (ADRs) traded on OTCQX®,( )the best OTC marketplace with qualified companies. (Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO ) Target Energy...

ANN ARBOR, Michigan, May 16, 2013 /PRNewswire/ -- Arotech Corporation (Nasdaq GM: ARTX) announced today that the Board of Directors has approved a succession plan of which, as of October 1, 2014, Robert S. Ehrlich will be stepping down as CEO and Steven Esses President will become CEO of Arotech. Mr. Ehrlich will continue to serve on the Board of Directors as Chairman. These changes are reflected in new management contracts signed this week and filed with the SEC. The...

TORONTO, May 15, 2013 /PRNewswire/ - Rogers Communications Inc. ("RCI") today announced that its wholly- owned subsidiary, Rogers Communications Finance Inc. ("RCFI"), has commenced a cash tender offer for any and all of RCI's outstanding U.S.$350,000,000 aggregate principal amount of 6.25% Senior Notes due 2013 (CUSIP # 77509NAH6) (the "Notes") on the terms and subject to the conditions set forth in its Offer to Purchase and Consent Solicitation Statement, dated May 15, 2013, and...

SASKATOON, May 15, 2013 /PRNewswire/ - Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX.V: GWG / OTCQX: GWMGF), a leader in the manufacture and supply of rare earth-based alloys and high purity metals with a low cost, high-grade critical rare earth asset (the "Steenkampskraal Project" or "SKK"), today provided an update on the Company's activities and financials through March 31, 2013, as well as its strategy and outlook. First Quarter and Recent Highlights...

LEXINGTON, Ky., May 15, 2013 /PRNewswire/ -- Rhino Resource Partners LP (NYSE: RNO) ("Rhino") today announced that Dave Zatezalo, President and Chief Executive Officer of Rhino GP LLC, the general partner of Rhino, and Rick Boone, Senior Vice President and Chief Financial Officer of Rhino GP LLC, will present at the National Association of Publicly Traded Partnerships 2013 Master Limited Partnership Investor Conference in Old Greenwich, CT on Thursday, May 23, 2013, at 1:15 pm (ET)....